Have you inherited a property in Southern California recently Dont know what to do with it Here are some tips thatll help And if youre looking to sell an inherited home fast reach out to us We buy houses in Southern California in any condition and we always pay a fair price There are ID: 1007754
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Slide1
What To Do
After Inheriting
A Property In
SOUTHERN CALIFORNIA
Slide2GET INSURANCE
A new insurance policy should be taken out.
However, you could choose to keep the current policy.
If the house is in probate, you won’t be
able to take out insurance in your name.
Slide3PAY THE MORTGAGE &
OTHER OUTSTANDING DEBTS
Continue to make mortgage payments, otherwise the property will get foreclosed.
Run a title check to find out if there are any liens against the property.
Slide4RENT IT OUT
This is a great source of passive income.
Find a long-term tenant.
Turn the property into a vacation rental.
Slide5MULTIPLE HEIRS
If there’s more than one heir to the property, each one should contribute so insurance, mortgage, and tax payments are all made on time. The cost of maintenance should be split as well.
Slide6TAXES
You’ll
have
to pay estate and property taxes.
You’ll
have to pay capital gains tax if you sell
.
Slide7SELL IT
Sell if you can’t afford the high costs of maintenance.
Sell if you can’t make mortgage or insurance payments.
Sell if you can’t pay the taxes.
Slide8Do you want to sell your inherited property
in Southern California in less than 30 days?
Slide9At Cash 4 Homes
We buy houses in Southern California in any condition, and we always pay in cash.
You don’t need to make any repairs before selling to us.
Visit
www.cash-4-homes.com
to get started!